Nikkei gains after Wall Street’s surge

October 21st, 2008 - 8:38 am ICT by IANS  

Tokyo, Oct 21 (DPA) Tokyo markets continued to rise in morning trading Tuesday after Wall Street’s overnight surge, sending Japan’s benchmark Nikkei Average up nearly four percent.In the first 15 minutes of trading, the key Nikkei 225 Stock Average jumped 352.92 points, or 3.92 percent, to 9,358.51, after the Dow Jones Industrial Average gained 413.21 points on hopes of easing in the credit crisis.

On currency markets at 9 a.m. (0000 GMT), the dollar was quoted at 102.10-15 yen, down from Monday’s 5 p.m. quote of 102.22-25 yen.

The euro was quoted at $1.3337-42, down from Monday’s 5 p.m. quote of $1.3481-84, and at 136.21-26 yen, down from 137.83-87 yen.

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